Nabisco Profit Matches Estimates,
With Snack Sales Rising Solidly

Dow Jones Newswires

Updated Feb. 2, 2000 1:31 p.m. ET

NEW YORK -- Nabisco Group Holdings Corp. rebounded from a year-earlier net loss, when restructuring charges from the sale of its tobacco operations took a hefty toll. The latest earnings excluding items rose 16%, matching Wall Street expectations.

The company posted net income of $113 million, or 35 cents a diluted share, compared with a loss of $585 million, or $1.83 a share, a year earlier.